The cheapest European Capitals

03 МАРТA 2017 · ORDO Capital

Real Estate in European capitals is considered to be the best value adding purchase. Real estate is the sort of investment that is always in demand. Investors who purchase property in Europe expect good returns on their investments. Here you can see the list of 5 European capitals, where currently is the right time to buy property.

In Athens, Greece the average
price for apartments fell by half since 2008 according to the Bank of Greece.
In the beginning of 2016, price deterioration has slowed, which shows that now
is the right moment to acquire real estate in Athens for future investment.

In Riga, Latvia prices for
newly renovated flats are not the cheapest ones, because of significant demand
from the foreign investors. Although, due to several political factors, the situation
has changed, and market of Soviet-era buildings stole the spotlight.

InBulgaria, most demanded
property used to be holiday houses in resort areas, while apartments in the
capital city, Sofia, were not so popular, so the prices for them were not
increasing dramatically. Currently, in 2017, as the apartment sales picked up
in Sofia the prices rose accordingly.

In Berlin, Germany local real
estate is considered to be one of the most undervalued among European capitals.Continuous improvement of the infrastructure, construction activity, as
well as increase in economic activity and IT sector development were the
drivers of the rental housing market and created optimal conditions for further
growth of property prices. This makes investing in the local property profitable
both in the short and in the long term.

In Czech Republic, real estate
market is booming. And in many respects this is due to high activity in the
capital city, Prague, were foreign demand is very high, making the local real
estate attractive for long-term investments.